What if I told you there existed a form of real estate that didn't require taking calls from tenants every time something breaks? No plumbing, no electric, no HVAC. Just the income.
I'm talking about Self-Storage.
Self-Storage is on it's way to becoming my favorite investment for all the reasons listed above. As I write this, I'm waiting on a plumber to text me back if he can fix a toilet for me tomorrow. Later this week I'm driving around to put covers on all the water spigot's on my rental homes so the pipes don't burst this winter. And while I'm doing all of that, I'm screening tenants to move into one of my recently empty houses. All things that really don't happen with self-storage. I acquired my first (and only) facility in September of this year, so I'm no expert yet. But I can say that it has been the best producing investment I've made yet.
I've found that self storage has been a vastly under utilized asset class until recent. I spend most of my free time calling current self storage owners to ask if they're interested in selling. If I had to guess, the average age that answers the phone is 65. That's right. Most owners of family owned self storage are RETIRING. This is one of the biggest opportunities in the current market to find cash-flowing properties. If you can spend just 2 hours a week cold calling local storage, within 20 miles of yourself, and get it under contract. You can either acquire it for yourself, or find an investor to pay you a finders me. (Email me if you get a good one lol) I'll keep you updated as I use this strategy more and refine it. But I can tell you I have only been doing this for 2 weeks and have about 3 million dollars worth of units in negotiations right now. If I can get just a 1% finders fee from investors, that's 30k in 2 weeks.... Wishful thinking I know. But too much money not to try!
Happy Hunting. Go make some money.
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